Elaine Meinel Supkis
The destructive false cheap yen and the false strong dollar has been reset by conspiritors in the USA and Japan and now is taking off and world stock markets that fell briefly when it looked like this game would end, are now roaring hot, rising rapildy. Cerberus celebrates as it rends the flesh of America's economy. Our Treasury and trade representatives work for secret hedge funds, not the USA.
The yen tumbled to five-week lows against the dollar and euro Tuesday, as gains in global stock markets and easing tensions between the U.K. and Iran prompted investors to rebuild risky carry trade positions.The yen also fell sharply versus other high-yielding currencies including the British pound, the Australian dollar, the New Zealand dollar and the South African rand. Carry trades refer to the practice of investors borrowing in low-yielding currencies, such as the yen, and reinvesting in higher-return currencies and assets elsewhere.
"Carry trade strategies are moving back to the forefront once again," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman. "Renewed yen weakness is a feature of today's session."
"The stabilization of global equity markets after the volatility seen in late Feb-through early March provides a more conducive climate for carry-trade strategies," he said, in a note. "Carry-strategies work best in a low volatility environment, which increases the likelihood that the carry can be captured."
This 'carry trade' is the malicious and deliberate undervaluing of the yen being exploited by a large gang of rip-off artists working in various highly-secretive international hedge funds which were created by and live off of the differencial between the near 0% interest rates set by the Bank of Japan and the rest of the world's interest rates which are many multiples higher.
This amazing wealth machine is making many men billionaires. It is also destroying the working classes of every country and is set to destroy the entire world's economic system for this super-weak yen representing the world's second largest economy that is destroying the industrial base of the world's biggest economy.
Softer yen, U.S. finish lift Japan: Australia at recordHONG KONG (MarketWatch) -- Asian stocks were back in record-setting mode Wednesday, paced by a rally in Samsung Electronics Co. and Honda Motor Co., as investors judged stronger U.S. home-sales data and falling crude-oil prices as positive for the growth outlook in the region's most important export market.
World stock markets are celebrating this betrayal of the USA and Europe! As the euro rises higher and higher, the Europeans feel more and more wealthy but their exports will now flounder and fail. The USA no longer has a value-added export market and today's stunning news means we are doomed.
What on earth will anyone export to Japan? Huh? But it gets much, much worse!
The yen will slump 5 percent this quarter, the worst start to a fiscal year since 1989, as Japanese invest more of their savings overseas, said Toru Umemoto, chief foreign-exchange strategist at Barclays Capital.Individuals are seeking higher yields because the Bank of Japan may not raise its 0.5 percent benchmark interest rate until the third quarter, said Umemoto, the most-accurate yen forecaster last year in surveys by Bloomberg News. The currency will drop to 125 against the dollar, he said, the weakest since December 2002.
After all the belly aching over the yuan which is, compared to the yen, an honest currency playing the international monetary game following the rules, the yen is a renegade currency that is a total cheat! The poor Japanese people, facing personal ruin due to the inability to save anything anymore due to 0% interest rates, are buying mostly euros. This bleeding of funds, when it happens to any normal country, usually triggers demands the government strengthen their currency!
Indeed, other countries ought to be furious about this! How dare the Japanese use a fake currency as a tool to invade domestic markets of other countries! But far from protesting this scam, today I see celebrations across the planet as governments, filled with traitors who make money off of this scheme, are rubbing their hands in glee, anticipating greater wealth!
Fannie Mae, the District-based mortgage funding company, plans to reduce its workforce by several hundred full-time employees by the end of this year, a company spokesman said.
The cuts are part of "an effort to streamline and improve productivity for our investors," Fannie Mae spokesman Brian Faith said.
The company employs the equivalent of about 6,500 full-time workers. About 5,300 are based in the Washington area.
The job cuts are part of an effort to save $200 million this year in operating expenses; administrative expenses alone totaled $3.1 billion last year. The company said in a recent financial report that additional cost reductions are planned for next year.
Supposedly the yen is collapsing and the dollar is strong and all is well because the real estate market which is heading off the cliff for the last year, is doing well.
This is a total lie. True, thanks to the super-strong euro, the markets in a very few vacation places and New York City are shooting up in asset value but the vast bulk of this nation is seeing a collapse. This is very obvious to any sane observers. The fact that one after another lender is going bankrupt is a classic sign that a housing boom is collapsing. Fannie Mae is laying off a huge number of employees and is struggling to not go under itself. If it does, the whole economic system of our housing and banking sectors will go into a depression.
So far from a boom in housing magically appearing, it is worsening!
I found much more information about Cerberus, the Hell Hounds.
Cerberus Capital Management LP is one of the largest private equity investment firms in USA. The firm is based in New York, N.Y., and run by 45-year-old financier Steve Feinberg. Former Vice President Dan Quayle has been a prominent Cerberus spokesperson and runs one of its international units.Founded in 1992, Cerberus invests primarily in companies which are near bankruptcy and hopes to make the businesses it acquires profitable.
The company has been a voracious acquirer of businesses over the past several years and now includes sizeable investments in sportswear, paper products, military services, real estate, energy, retail, glassmaking, transportation, and building products. Its holdings amounted to $24 billion in 2006.
On October 19, 2006, John W. Snow, President George W. Bush's second United States Secretary of the Treasury, was named chairman of Cerberus.
Our Treasury was handed over to a gang who are very, very secretive. Is it a surprise to see our reserves funds collapsing and our treasury going broke? Cerberus makes its living BUYING BANKRUPT COMPANIES. So of course, if they have their hands on the levers of power, they will use these levers to push companies here into bankruptcy. The fact that our government's financial affairs are run by hidden financiers who make money in secretive ways should alarm the American public.
Cerberus lures former top politicians into its hellish lair and people like Dan Quayle and the many Bush family leeches shield this organization which is more like the Mafia, from public view. One can read many news stories and never see the name 'Cerberus' and if it does appear, it doesn't appear with the names of the traitors running it attached.
Cerberus invests in real estate companies, one of which was in the news this week.
From the Houston Business Journal:
Lennar home building corp: First quarter earnings were down 73 percent to $68.6 million, or 43 cents per diluted share. For the same period the year before, earnings were $258.1 million, or $1.58 per diluted share.
The Miami-based home builder (NYSE: LEN and NYSE: LENB) said total revenue was $2.8 billion for the first quarter ended Feb. 28, down 14 percent from $3.24 billion logged last year. Revenue from home building decreased to $2.6 billion from $3.1 billion in 2006, Lennar said.
They are losing money due to the housing boom popping last year. This annoys them and they really would like to get it up and going again. As do many other people. Americans buying this overpriced real estate have taken on record amounts of debt and the benefits for most are minimal while the hazards of taking on huge principals in order to live in a house has set us on a financial road that leads to hell.
It is infinitely easier to pay off a house that has only $50,000 in principal rather then one that is $500,000 in principal! And the cheaper houses 20 years ago are the same ones at 10 times the amount today. There has been little improvement in the actual buildings aside from adding goodies that don't really matter in the end.
Snow’s Washington savvy and connections will help its clients circumvent U.S. protectionism and close those rich U.S. deals:China's companies are keen to spread their wings abroad but several big deals, such as Chinese oil major CNOOC Ltd.'s acquisition of U.S. energy producer Unocal, have run aground during the U.S. approval process.
Snow, an experienced politician and well-known name in Asian political circles, hopes to help smooth the way for Cerberus' co-investors.
“In the case of investments in the United States, we would bring a real understanding and sensitivity to the process. We know the rules of that game that could help co-investors avoid legal barriers,” said Snow, who plans to visit Asia three or four times a year.
The guy running our Treasury in the past worked for his buddies in Cerberus and he is happily at home there today after running that scam against China, yelling about the yuan, while going off to Tokyo to snigger about making the yen weaker. Congress should be outraged by all this but they are not because thanks to no oversight and no campaign finance reforms, we have a thoroughly corrupted political machine that both parties are guilty of building.
Hillary Clinton's record fund raising is simply these same hedge funds and other nasty organizations destroying our industrial base, paying her to represent them, not us. Just like Bush and Cheney's ease of raising money came from the same hellish source.
U.S. Treasury Secretary Henry Paulson inadvertently failed to disclose a mutual fund holding valued at less than $15,000 before he took over the job last year, the Treasury said on Tuesday.Paulson submitted a supplemental disclosure to the U.S. Office of Government Ethics showing that he holds shares in the Goldman Sachs Asia Equity Class A fund (GSAGX.O: Quote, Profile, Research).
All the politicos are pooh-poohing this news today. Why, that is mere chicken feed! Cheney's own company, Halliburton, was going bankrupt when he took over America and drove us into one war after another. Due to these wars, Halliburton's no-bid contracts have made Cheney and the other investors very rich---at taxpayer expense! Paulson is not working for America in his negotiations with Asia, he, like Cheney, has one agenda: getting rich no matter how many Americans he murders.
Goldman Sachs isn't an American corporation, it is European. And it owns us. This $15,000 is just the tip of a tentacle of a vast kracken of the deep seas. This kracken, like the one that tried to kill Odesseus, lives on the bottom of the mythological seas and hides under rocks. Indeed, all this financial stuff is hidden on purpose for they cannot operate out in the open, they would be arrested as traitors.
Here is some more information about Paulson's divided loyalties:
Separately, the fact that Paulson presided over Goldman Sachs during a period when the firm increasingly transformed itself from a classic investment bank relying heavily on profit from stable fees into something resembling a hedge fund, in which record profits were based on trading bets made with borrowed funds, doesn't make him the most credible proponent of debt or deficit reduction.So for Paulson to nab the top Treasury spot is multiples worse. Still, he is strong and confident. That's the scary part. Bush gets a cheerleader to help cement his ideas of individualism, from more tax cuts for the rich to privatization of anything politically viable at the moment.
The Treasury secretary not only belongs to an occult foreign hedge fund, he made it into a hedge fund! And all his actions are directed towards increasing the wealth of this and other hedge funds! They fucking took over our entire financial machinery which is why everything, and I do mean everything, is running deep in the red and Congress will have to raise the debt ceiling yet again in just two more months!
To $9 TRILLION! This is an emergency. We just saw as Congress and Bush fought over increasing the funding of a losing war, neither side of that debate dared to say our country is going bankrupt. Nor did any media talk about this. Hedge funds have been buying up the media--newspapers, magazines, television stations and radio stations. They know they must control the perameters of the debate to keep their Kraken tentacles safe as they suddenly plunge out of the deep oceans and yank down ships sailing on the surface.
As a member of the Carlyle Group’s Asian Advisory Board, the senior Bush “made highly compensated speeches and trips on its behalf -- most frequently to Saudi Arabia and the Persian Gulf -- and helped the group procure well-heeled investors.” According to Phillips, “Twelve rich Saudi individuals and families signed up (including the bin Laden family prior to 9/11), as well as the investment offices of Kuwait and Abu Dhabi.”About the time of Neil Bush’s first visit to the Jeddah Economic Forum in February 2002, the Washington Post reported that “Saudis close to Prince Sultan, the Saudi defense minister, were encouraged to put money into Carlyle as a favor to the elder Bush.” According to Phillips, “By some accounts, Carlyle acted as a gatekeeper for would-be U.S. investors in Saudi Arabia.”
Carlyle Group started out as an honest investment fund. It is now tranformed into a secretive hedge fund that is international and is run by the President's family. It makes money off of wars and high oil prices and openly conspires to attack this nation. Bin Laden's money came directly from this organization and note how no one attached to it was arrested after 9/11. Which reminds me: arrest Bush!
No, the tentacles of that organization reach from the White House to Beijing. And I know the Chinese knew how to tap into this subterranean system because I explained it to them way back many years ago. Actually, Kissinger did this first. But they were suspicious. It was only after they decided to move government officials out of the secretive consulate on 42nd Street in Manhattan and into 'normal American homes' like my own, did they begin to figure out how to corrupt the American government and use our messed up system for their own purposes.
The Japanese set the path which China walked...but only for a while. China doesn't want to export to the USA forever. They don't want their people to live in closets like the Japanese are seemingly happy doing. The Japanese are willing to live forever in this warped world whereby they live like serfs while their elites live like kings. The Chinese know this will lead to revolutions so they want to eventually have their own selves as their own market!
And who told them this was a good goal? Heh! Hellllo, Beijing! For like the USA, they have the big population, the many resources and the potential for a domestic market! And they are madly developing this while the once rich USA is handing its own affairs to a bunch of pirates running hedge funds that get their money from Japan thanks to a weak yen and strong dollar!
But I say, this system is in trouble. Far from being stable as the gangsters in the hedge funds gloat. Nope. It is highly and dangerously unstable! The fact that this reassertion of this dangerous regime is now causing the yen to completely collapse means we will see a collapse of world trade. For the Japanese people are now wise to the tricks of their own corporate leaders and the hedge funds. They now know it is stupid and futile to save under these ridiculous terms and now, various organizations have sprung up to redirect Japanese savings towards the euro and the dollar!
Now the entire population of Japan is going to drop their own currency! This is a disaster for the Japanese government. It could bankrupt the government and I hope it does. The trillion dollars in FOREX reserves will have to be used to prop up a dying economic system. Right now, this fund is filling rapidly but if it rises while China sells their dollars, when the yen/dollar duopoly collapses, both the USA and Japan will be destroyed.
This is why we must bail out of this regime. Time is running out for us and Japan. And I hope the citizens of all other countries learn this information so they can stop it! This means arresting all the agents working for hedge funds. All of them. Without exception.
Footnote:
Here is a list of some of the businesses Cerberus owns:
Paper products - The company acquired MeadWestvaco's paper business for $2.3B in 2005 and renamed it NewPage Corporation. Cerberus also purchased, from Georgia Pacific Corporation, its Distribution Division/Building Products and all of its associated real estate. It renamed this new company BlueLinx, based in Atlanta, Ga.Government Services (Military, Energy, and Food & Drug) — owns IAP Worldwide Services, which bought Johnson Controls' World Services division in February 2005, and Netco Government Services.
Real Estate - Through investment affiliate Blackacre Capital, the company has been making direct equity, mezzanine, first mortgage, distressed and special situation investments in all asset types. It also controls Miami Beach, Fla.-based LNR Property, a large real estate development and investment firm through subsidiary Riley Property. Cerberus also controls Kyo-ya, a Japan based group of entities that owns several Starwood managed assets in California, Hawaii and Florida.
Retail - Cerberus purchased 655 of the 2,500 Albertson's, Inc., grocery stores, forming Albertsons LLC of Boise, Idaho, in June of 2006. They also own Mervyn's department stores, which was acquired from Target Corp.
Transportation - Acquired bankrupt ANC Rental, owner of the National and Alamo car rental chains, for $230 million in October 2003 and purchased 45% of DaimlerChrysler's aircraft leasing business in May 2005. Also acquired North American Bus Industries, Optima Bus, and Blue Bird Corp. in the bus manufacturing sector. Air Canada.
Automotive - Peguform and GDX
Financial Services - General Motors sold a 51% stake in its GMAC finance unit to an investor group led by Cerberus Capital Management. GM expects to receive $14 billion over the next three years from the sale of General Motors Acceptance Corp. In December 2006, Cerberus acquired the Austrian bank BAWAG P.S.K. for a reported €3.2 billion.
Firearms - Acquired Bushmaster Firearms, Inc., from Windham native Dick Dyke for an undisclosed sum in April 2006.[citation needed]
Entertainment - To acquire 6 television stations owned and operated by CBS Corporation, pending FCC approval. Those stations are as follows:
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Holy fuck.
This is the worst thing I have read in ages.
Dan Quayle? He's also a PNACer.
Hidden in somewhat plain sight.
BLACKacre? Cerberus? I imagine they think they're really ha, ha funny - frat boys outta control.
If I can find my copy if it - I'll quote - "Goldman Sachs: Culture of Success"
It's a self-congratulatory "history" of the firm that doesn't hire anyone but the best and the brightest - and if they play the game well - riches!
Abby Joseph Cohen, their most visible representative - aside from the traitor, Robert Rubin - didn't make partner until well after she should have. The culture of success didn't incorporate nice Jewish girls with an ability to call the market direction.
That's before they went public - at a TERRIBLE time - and now, they are going to go Boom! like everything else - except they have their own money parked elsewhere - but the partners have to keep most of their loot tied up in the firm.
This is really awful, though. You are absolutely right. Rubin went to CityCorp, and Snow went to hell.
Great place for both of them.
Posted by: D. F. Facti | April 04, 2007 at 12:50 PM
And Citycorp is owned by the Saudis who sponsored the 9/11 attacks.
Funny world, ain't it?
Posted by: Elaine Meinel Supkis | April 04, 2007 at 02:10 PM
nelbar: It has always been my position that Uncle Sam is the one dictating the policies and decisions of the Philippines. No RP President could have been elected without Uncle Sam’ s blessing. Perhaps with the exception of Erap whom America disliked. Erap’ s winning margin was so huge that it was very difficult for the US and Erap’ s enemies to manipulate and change. There were attempts but failed. Cardinal Sin and the Civil Society group were at Erap’ s neck from the very beginning. But, Erap’ s popularity...
Posted by: Making Affiliate Money | April 14, 2008 at 06:05 PM